Examples of Liquidity Collateral in a sentence
No amendment to this Agreement which releases all or substantially all of the Liquidity Collateral shall in any event be effective until S&P and Xxxxx'x confirm that such amendment would not cause the ratings assigned to the Low Floater Certificates prior to such amendment to be reduced or withdrawn.
No remedy conferred upon or reserved to the Liquidity Collateral Agent or the Secured Parties herein is intended to be exclusive of any other remedy or remedies, but every such remedy shall be cumulative and shall be in addition to every other remedy conferred herein or in any other Transaction Document or now or hereafter existing at law, in equity, or by statute.
The Liquidity Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any of the secured parties and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Transaction Document or otherwise exist against the Liquidity Collateral Agent.
The Liquidity Collateral Agent may consult with counsel, accountants, or other experts in connection with its rights and obligations hereunder, and shall not be liable for any action taken or omitted to be taken by it in accordance with the advice of such counsel, accountants, or other experts.
All right, title, and interest in and all other property credited thereto and to the Liquidity Collateral Accounts shall vest in the Liquidity Collateral Agent for the benefit of the Secured Parties, and funds on deposit in the Liquidity Collateral Accounts shall constitute part of the Liquidity Collateral.
SECTION 6.1 The Liquidity Collateral Accounts ..............................
The Liquidity Collateral shall be automatically released on the date on which all of the Secured Obligations have been paid and satisfied in full and no further Secured Obligations may be incurred.
Except as otherwise provided in this Section 4.4 or in Section 5.1, the Liquidity Borrower or its duly appointed agent shall continue to collect all amounts due or to become due to the Liquidity Borrower under or in connection with the Liquidity Collateral.
Seller's and FCI's obligations under this Agreement ----------- shall survive the sale of the Contracts to the Company, the Company's pledge of the Contracts to the Collateral Agent under the Credit Agreement, and EagleFunding's pledge and assignment under the Liquidity Security Agreement to the Liquidity Collateral Agent and such obligations shall not terminate until the satisfaction and payment of all Obligations under the Credit Agreement.
Anything herein to the contrary notwithstanding, the Liquidity Borrower shall remain liable under each contract, agreement, interest, and obligation included in the Liquidity Collateral (to the extent that the Liquidity Borrower has any liability thereunder), to observe and perform all the conditions and obligations to be observed and performed by each thereunder, all in accordance with and pursuant to the terms and provisions thereof.